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Sales-Related and Purchase-Related Transactions for Seller and Buyer Using Perpetual Inventory System The following selected transactions were completed during April between Swan Company and Bird Company: Apr. 2. Swan Company sold merchandise on account to Bird Company, $14,200, terms FOB shipping point, 1/10, n/30. Swan Company paid freight of $395, which was added to the invoice. The cost of the merchandise sold was $8,900. 8. Swan Company sold merchandise on account to Bird Company, $28,000, terms FOB destination, 2/15,n/30. The cost of the merchandise sold was $16,800. 8. Swan Company paid freight of $590 for delivery of merchandise sold to Bird Company on April 8. 12. Bird Company paid Swan Company for purchase of April 2. 18. Swan Company paid Bird Company a refund of $2,000 for defective merchandise in the April 2 purchase. Bird Company agreed to keep the merchandise. 23. Bird Company paid Swan Company for purchase of April 8. 24. Swan Company sold merchandise on account to Bird Company, $13,900, terms FOB shipping point, n/45. The cost of the merchandise sold was $8,300. 26. Bird Company paid freight of $310 on April 24 purchase from Swan Company. Required: \begin{tabular}{|crrr|} \hline Date & Account & Debit & Credit \\ \hline Apr. 2 & Merchandise Inventory & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|rrr|} \hline Date & Account & Debit & Credit \\ \hline Apr. 18 & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|crrr|} \hline Date & Account & Debit & Credit \\ \hline Apr. 23 & & \\ \hline & & & \\ \hline \end{tabular} 2. Journalize the April transactions for Swan Company (the seller). If an amount box does not requir \begin{tabular}{|rrrr|} \hline Date & Account & Debit & Credit \\ \hline Apr. 8-sale & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|rrrr|} \hline Date & Account & Debit & Credit \\ \hline Apr. 8-cost & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|c|rcc|} \hline Date & Account & Debit & Credit \\ \hline Apr. 8-freight & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|lccc|} \hline Date & Account & Debit & Credit \\ \hline Apr. 12 & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|crcc|} \hline Date & Account & Debit & Credit \\ \hline Apr. 18 & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|c|ccc|} \hline Date & Account & Debit & Credit \\ \hline Apr. 23 & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|rrrr|} \hline Date & Account & Debit & Credit \\ \hline Apr. 24-sale & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|rrrrr|} \hline Date & Account & Debit & Credit \\ \hline Apr. 24-cost & & & \\ \hline \end{tabular}

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